SME
IPO ·
BSE SME
Acme India Industries Ltd
Listed
Designs and supplies railway coach interiors, components, refurbishment and toilet-modernisation solutions via tenders.
Issue details
Price band
₹186 – ₹196
Face value
₹10
Lot size
600 shares
Minimum investment
₹2,35,200
Issue size
₹121.69 Cr
Fresh issue
₹105.98 Cr
Offer for sale
₹15.71 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
30 Sep 2026
Closes
6 Oct 2026
UPI mandate cut-off
5:00 PM on 6 Oct 2026
Allotment
7 Oct 2026
Refunds
8 Oct 2026
Shares in demat
8 Oct 2026
Listing
9 Oct 2026
Subscription and listing
Subscription
124.23x
Listing price
₹221
Registrar
Bigshare Services Pvt Ltd
Lead manager
Hem Securities Ltd
Subscription by category
QIB (Ex Anchor)
137.93x
NII *
196.27x
bNII (> ₹10L)
241.67x
sNII (< ₹10L)
106.29x
Individual Investor
85.50x
Total
124.23x
Total applications
1,89,465
Anchor investors
Amount raised
₹34.61 Cr
Bid date
29 Sep 2026
50% lock-in ends
5 Nov 2026
Rest lock-in ends
4 Jan 2027
Listing day
Issue price
₹196
Open
₹221.00
High
₹232.05
Low
₹221.00
Day close
₹232.05
Listing gain at open
+12.76%
Issue structure
Shares reserved per category and share of the total issue
QIB
29,44,800
47.43%
Anchor Investor
17,65,800
28.44%
QIB (Ex. Anchor)
11,79,000
18.99%
NII
8,85,600
14.26%
bNII > ₹10L
5,88,600
9.48%
sNII < ₹10L
2,97,000
4.78%
Retail
20,64,000
33.24%
Market Maker
3,14,400
5.06%
Total
62,08,800
100.00%
Finaccle’s quick read
Apply for long term
PAT rose 48% in FY26 with ROE of 30.65%, debt/equity of 0.82 and a post-issue P/E of 18.88, but profit dipped from ₹19.21 Cr in FY24 to ₹16.46 Cr in FY25, so growth is lumpy.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Acme India Industries designs, makes, installs and maintains railway coach interiors and components, and handles coach refurbishment and toilet upgrades. Based around a 92,000 sq ft facility in Sonipat, Haryana, it wins work through Indian Railways tenders and operates across 16 railway zones. It has completed 28 turnkey projects covering 1,610 coaches.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
30.65%
ROCE
23.20%
Debt / equity
0.82
PAT margin
9.24%
P/E post issue
18.88
Market cap
₹460.06 Cr
Use of IPO money
Working capital
₹38.00 Cr
Repayment/prepayment of borrowings
₹41.00 Cr
Capex for plant & machinery
₹6.27 Cr
General corporate purposes
₹1.46 Cr
Issue expenses
₹22.10 Cr
Strengths
✓
Established track record across 16 railway zones
✓
Revenue up 26% and PAT up 48% in FY26
✓
Part of proceeds to repay ₹41 Cr of debt
✓
Wide product range for coach interiors under one roof
Risks to watch
!
Heavy reliance on Indian Railways tenders
!
FY25 profit fell before rebounding in FY26
!
Debt/equity of 0.82 with borrowings still rising
!
Small OFS portion of about ₹16 Cr
!
Only 43 employees for a large order-driven business
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.